Cultural industries = A cultural industry is an economic field concerned with producing, reproducing, storing and distributing cultural goods and services on industrial and commercial terms.
Production = The making of a media
Distribution = How the media delivers their product to the audience
Exhibition / Consumption = products that are for show (the film industry) / products that are used by buyers
Media concentration = ownership of big media industries by fewer industries
Conglomerates = A company that owns numerous companies involved in mass media.
Globalisation (in terms of media ownership) = Media company who work internationally
Cultural imperialism = imposition by one usually politically or economically dominant community of various aspects of its own culture onto another nondominant community.
Vertical Integration = A company that opts for vertical integration takes complete control over one or more stages in the production or distribution of a product.
Horizontal Integration = media companies expand by acquiring media companies that work in similar sectors. The media company can own radio, magazines, books and newspaper
Mergers = When 2 companies come together and create a new media business
Monopolies = When a specific person or enterprise is the only supplier of a particular thing
Gatekeepers = When a large company owns everything in a specific line of business which means they are the only ones that can sell it. It is illegal in most countries to do it.
Regulation = The global regulation of new media technologies is to ensure the cultural diversity in media content, and provide a free space of public access and various opinions and ideas without censorship.
Deregulation = The reductions of government power in a particular industry to create a more competitive attitude within a company
Free market = In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market.
Commodification = A process which services, ideas and people relations are transformed into objects for sale in a capitalist economic system.
Convergence = The merging of previously distinct media to create an entire new form of communication expression.
Diversity = Diversity of different views, ideas or content
Innovation = Change in several aspects of the media landscape, from the development of new media platforms, to new business models, to new ways of producing media texts
